The ASK Automotive IPO commenced on November 7, 2023, and concluded on November 9, 2023. The allotment of shares took place on November 15, 2023, and the initiation of refunds began on November 16, 2023. The shares were credited to the demat accounts of investors on November 17, 2023. Finally, the listing of ASK Automotive on the stock exchange occurred on November 20, 2023.
The ASK Automotive IPO was priced at ₹268 to ₹282 per share, with a lot size of 53 shares. The total issue size was ₹834.00 crores, comprising a fresh issue of ₹834.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
ASK Automotive Limited IPO Basic Details
|Company Name||ASK Automotive Limited|
|Domain of Company||Auto Ancillary Company|
|ASK Automotive IPO GMP Today||₹40|
|ASK Automotive IPO Listing Gain||14.18%|
|ASK Automotive IPO Open Date||November 7, 2023|
|ASK Automotive IPO Close Date||November 9, 2023|
|ASK Automotive IPO Allotment Date||November 15, 2023|
|ASK Automotive IPO Listing Date||November 20, 2023|
|Face Value||₹2 per share|
|Price||₹268 to ₹282 per share|
|Lot Size||53 Shares|
|Issue Size||29,571,390 shares of ₹2|
(aggregating up to ₹834.00 Cr)
|Offer for Sale||29,571,390 shares of ₹2|
(aggregating up to ₹834.00 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Kuldip Singh Rathee and Vijay Rathee|
ASK Automotive IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|6 November 2023||₹40||14.18%||–||–|
ASK Automotive IPO Details:
Founded in 1988, ASK Automotive Limited is an Indian company that specializes in making advanced braking systems for motorcycles.
Their product lineup includes:
- Advanced Braking Systems (AB systems)
- Lightweight precision aluminum parts (ALP)
- Wheel assemblies for two-wheeler original equipment manufacturers (OEMs)
- Safety control cables (SCC)
ASK Automotive operates not only in India but also internationally.
As of June 2023, the company has 15 manufacturing facilities across five Indian states. They supply their products to well-known original equipment manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. Additionally, they serve the independent aftermarket and the export market through their manufacturing facilities located in various parts of the country.
The company’s manufacturing facilities hold top-quality certifications for both safety and quality, including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
ASK Automotive IPO More Details Click Here
ASK Automotive IPO FAQs
When is ASK Automotive IPO open?
ASK Automotive IPO will open on 7 November 2023.
When is ASK Automotive IPO Close?
ASK Automotive IPO will be closed on 9 November 2023.
What is ASK Automotive IPO GMP Today?
The ASK Automotive IPO GMP aka Grey Market Premium is ₹40.
What is ASK Automotive IPO Kostak Rates Today?
The ASK Automotive IPO Kostak Rate is ₹000.
What is ASK Automotive IPO Subject to Sauda Price Today?
The ASK Automotive IPO subject to sauda rates is ₹000.
ASK Automotive IPO Expected Returns?
The ASK Automotive expected return is 14.18%.
How much will be the listing gain in ASK Automotive IPO?
ASK Automotive IPO will get listing gain of 14.18%. (Approx.)